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High transaction mail from incometax on saving account interest
I have received mail from income tax regarding high transaction on saving account interest. (1) Instantly I logged into complaince portal and found that yes I need to pay the amount, I said yes there 2) on 1-apr, i paid the same extra amount to the tax dept. 3) Now what should I do , is there any action on me because the ITR which i submitted in DEC doesn't have this amount which I paid on 01-Apr-2021 (challan). Pls guide
Replies (2)
The department has asked to either file a revised ITR or reply to the query on the compliance portal ...so that's it.
In response to the high value transaction intimation by Income Tax, the course of action is to file a Revised Return considering all incomes which were not included earlier and also responding to the line items in Compliance Portal. You will get a mail from Income Tax once your Revised Return is processed from their end along with the intimation order.
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